Steel Dynamics Inc (NASDAQ:STLD) shares, rose in value on Friday, May 09, with the stock price up by 0.68% to the previous day’s close as strong demand from buyers drove the stock to $130.51.
Actively observing the price movement in the last trading, the stock closed the session at $129.63. The PE ratio was 17.25 over 12-month period. Referring to stock’s 52-week performance, its high was $155.56, and the low was $103.17. On the whole, STLD has fluctuated by 6.41% over the past month.
With the market capitalization of Steel Dynamics Inc currently standing at about $19.56 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 1.88, with its dividend yield at 1.44%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that STLD’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.22, with the price of STLD currently trading nearly 4.06% and 4.91% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 57.15, while the 7-day volatility ratio is showing 1.89% which for the 30-day chart, stands at 3.20%. Furthermore, Steel Dynamics Inc (STLD)’s beta value is 1.45, and its average true range (ATR) is 4.40.
A comparison of Steel Dynamics Inc (STLD) with its peers suggests the former has fared considerably weaker in the market. STLD showed an intraday change of 0.68% in last session, and over the past year, it shrunk by -1.66%%.
Data on historical trading for Steel Dynamics Inc (NASDAQ:STLD) indicates that the trading volumes over the past 3 months, they’ve averaged 1.81 million. According to company’s latest data on outstanding shares, there are 149.90 million shares outstanding.
Nearly 6.39% of Steel Dynamics Inc’s shares belong to company insiders and institutional investors own 85.80% of the company’s shares. The stock has risen by 14.41% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the STLD stock heading into the next quarter.
